Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-12-14
TIRN NINAL MATTERS.
ANNUAL MEgTIsG OF rHg COMPANY
AND ELECTION OF 0RFIC GR3.
rho Presidents and Treasurer's Report
Condition Of This Great system
Wac was Present.

house Company was held at 2:30 O'Clock
yesterday in the company's Offices, cor
ner Tenth and Main streets Over $780,
600 shares of common and preferred
stock were represented by Nessrs. George
F. Stone, 7. VI. Logan, John j. Moore,
and L. Lawterbach, who, together with
/ John II. Iumqn, who was not present,
held proxies for that number OF shares.
Mr. John i. Branch, of this city, was
chosen chairman of the meeting, and,
after the usual roufinc business had been
transacted, the following Committee on
Proxies was appointed to ascertain if a
quorum was present. Messrs. Logan,
Stone, Moore, Lawterbach, and Mon
tague.
A recess was then taken and in about
an hodr and half the committee re-
ported: Amount of stock necessary 20 n
quorum, 1921, ,908 amount of stock re-
presented, $780,, 2,Sll.
( The election OF president was pro
ceedcd with.
OFFICERS.
President Alfred Sully, OF New York,
was unanimously reelected. The fol-
/ lowing directors were also unanimously
chosen Messrs. John II. Inman,
George S. Scott, Samuel Thomas, G. VI
Mclihcc, John G.. Moore, ). Wornser,
George Z. Stone, j. a. Rutherford,
William Rockefeller, Calvin 5. Brice,
Emanuel Leheman, Il. I Wilson, h. p.
Flower, and John II. Hall, all of New
York, and MesSrs. J. B. Pace and 7. N.
Logan, of Richmond.
REPORTS.
The president submitted his report
aud that Of the treasurer, showing n
prosperous condition Of the company's
affairs, anl that by the control Of the
Richmond and Danyllc Railroad Com
pany, the East Tennessee, Virginia and
Georgia railway, and the Georgia Pacific
Company, and through these of other
connecting companies, 1t now operates u
system of about A, 900 miles, being the
sixth longest system in the United
States. The net earnings OF the Rich
mOnd and DanylIle road were shown to
be 1854, 1861, against which there ap-
pears a charge for equipment and con
struction of $2i9,922.04. The net in-
come OF the East Tennessee, Virginia
and Georgia Railroad Company is stated
to be 1923, ,012.3G, and the net income
of the Georgia Pacific is SlS3, ,92j. 30.
INVASION OF TERRITORY.
President Sully's report animadverts
on the useless invasion OF territory OF
the Terminal system by other lines, and
argues IN favor OF the necessity of prac-
teal consolidation in one ownership Of
railway systems, such as those controlled
by the Terminal company. Mention is
made of the lines now being constructed
by those friendly to the interests of the
company from Cllrksyille to Durham,
and the completion OF the gapin the line of
the Georgia Pacific railroad, and that the
physical condition OF the whole system IS
of the best. The company is urged to
consider the propriety of establishing an
express company OF its own.
TOTAL VALUE. @
From the treasurer's report it ap-
pears that the total par value Of the
stocks, bonds, and property OF the COM
pany is fixed at $50, 965, 40l.20.
The reports were approved and ordered
to be printed. They were refused Vcr-
5atim to the press.
About 6 o'clock the meeting adj
journed.
PERSONAL.
The following gentlemen were pres
ent: Mr.. Sully, the president, who will
return to New York this afternoon (;
George i. Stone, one of the directors :;
John j. Moore, of the firm of Moore Il
Schlcy, brokers, OF New York L. Law
terbach, of Hoadly, Lawterbach Il John
stOn, corporation lawyers, OF New York /;
Reuben Foster, Of Baltimore, general
manager of the steamboat line which
runs between West Pointand Baltimore !;
General L. VI. Logan, K. ID. Christian,
and }. j. Montague Judge Marshall
and W. p. De Saussure, Of counsel for
the company.
THE WASHINGTON OFFICES.
General Logan and Judge Marshall
were both asked about the smOyal of
the Richmond and Danville Offices from
Washington to Richmond. Both asserted
in authoritative terms that the offices
would be removed al once; that work
would be begun in that direction to-day.
General Logan added that several OF
them would be brought here in about
week.
The Dispatch received the following
special from Alexandria last night: lhe
Midland officials here know nothing Of
the contemplated removal OF the Wash
ington Offices to Richmond. Those OF
Washington report likewise.